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Business Africa

CXMT Enters Xiaomi Foldable Supply Chain With New LPDDR6 Memory

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) will...

Trump Announces US Control of $65 Billion Barrels of Venezuelan Oil Reserves

President Donald Trump says the United States has reached...

India Moves to Put Red Warning Labels on High Sugar and Salt Foods After Public Backlash

India’s Food Safety and Standards Authority of India (FSSAI)...

Nike Taps Former Foot Locker Executive Kristin Bauer to Lead Converse Operations

Nike has hired former Foot Locker executive Kristin Bauer...

Singapore Deepens Egypt Investment Push as Bilateral Trade Ties Gain Momentum

Singapore is stepping up efforts to deepen investment and...

Nedbank’s Annual Profit Edges Higher on Lower Impairment Charges

Nedbank Group reported a 2 percent rise in full-year headline earnings for the year ended December 31, 2025, supported by a decline in impairment...

Egypt’s Net Foreign Assets Hit Record $29.5 Billion in January

Egypt’s net foreign assets rose to a record $29.54 billion in January 2026, underscoring continued improvement in the country’s external position, according to data...

Uganda’s Central Bank to Launch Domestic Gold-Buying Programme This Month

Uganda will begin purchasing gold from domestic producers this month under a new reserves diversification strategy, as highlighted by MarketScreener. The initiative marks the...

Rio Tinto Approves Restart of $473 Million Mineral Sands Project in South Africa

Rio Tinto has approved the restart of the $473 million Zulti South mineral sands project in South Africa, bringing an end to a six-year...

Nigeria Divides OPL 245 Into Four Blocks Under New Deal With Eni and Shell

Nigeria has agreed to split the long-contested OPL 245 oilfield into four separate blocks under a new arrangement involving Eni and Shell, Reuters reported....
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